Log In

Reset Password

BSX to stay open for business during crisis

The Bermuda Stock Exchange plans to remain open for business during the Covid-19 crisis.

In a statement issued today, the BSX said its staff were working remotely and the exchange would be open for regular business hours.

Access to the BSX office on Victoria Street will be closed to the public and limited to core personnel.

All meetings are to be held via electronic communications.

“The economic impact of the Covid-19 pandemic and the resulting market volatility has prompted the World Federation of Exchanges to address pressures on the financial system,” the BSX stated.

“The WFE is working with its member community to share information, co-ordinate action, and mitigate risk during this crisis.”

“As an important stakeholder in the Bermuda economy and member of the WFE, the BSX has announced it will remain open for business and continue to provide services to its local and global customers in the capital markets.

“It is important that financial markets remain able to perform their role by providing investors with liquidity, facilitating price discovery, and allowing for risk transfer. The BSX has operated its technology platform uninterrupted and the latest developments are not anticipated to disrupt normal operations and functions which remain critically important.”

Bank boost: Butterfield shares rose for a third successive trading day on the BSX

You must be Registered or to post comment or to vote.

Published March 19, 2020 at 5:37 pm (Updated March 20, 2020 at 11:19 am)

BSX to stay open for business during crisis

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon